00:00Americans are feeling less confident about the economy, with consumer sentiment falling to its
00:05lowest level in seven months, as gasoline prices remain above $4 a gallon. The conference board's
00:11confidence index slipped to 89.4 in August from 90.2 in July, while consumers became more pessimistic
00:19about the economic outlook. Inflation, food and energy costs, geopolitical tensions, and concerns
00:25about jobs all weighed on responses. The latest reading adds another warning sign for an economy
00:31already facing growing pressure from elevated prices and a cooling labor market.
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